Waste Management, Inc. (NYSE:WM) has earned a consensus recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $81.57.

A number of research firms recently commented on WM. Credit Suisse Group set a $90.00 price objective on shares of Waste Management and gave the company a “buy” rating in a research note on Monday. Oppenheimer Holdings, Inc. raised their target price on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. BMO Capital Markets raised their target price on shares of Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Waste Management from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and set a $88.00 target price on shares of Waste Management in a report on Friday, October 27th.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Waste Management by 2,611.5% in the 1st quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock worth $2,199,436,000 after purchasing an additional 29,049,915 shares during the period. Janus Henderson Group PLC boosted its stake in Waste Management by 7,400.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock worth $316,712,000 after purchasing an additional 4,260,260 shares during the period. Renaissance Technologies LLC boosted its stake in Waste Management by 95.0% in the 1st quarter. Renaissance Technologies LLC now owns 3,857,300 shares of the business services provider’s stock worth $281,274,000 after purchasing an additional 1,879,300 shares during the period. Vanguard Group Inc. boosted its stake in Waste Management by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 32,753,532 shares of the business services provider’s stock worth $2,388,388,000 after purchasing an additional 1,790,546 shares during the period. Finally, Harbour Capital Advisors LLC boosted its stake in Waste Management by 8,786.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 903,232 shares of the business services provider’s stock worth $12,314,000 after purchasing an additional 893,068 shares during the period. Hedge funds and other institutional investors own 75.29% of the company’s stock.

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Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Analyst Recommendations for Waste Management (NYSE:WM)

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